member states

Massachusetts Insurers Insolvency Fund

The Massachusetts Insurers Insolvency Fund ("MIIF") is a non-profit, unincorporated association of all Massachusetts-licensed property and casualty insurers. It was created by the Massachusetts legislature to provide protections to Massachusetts policyholders and claimants in the event an insurance company becomes insolvent. MIIF pays covered claims as authorized by the Annotated Laws of Massachusetts, ch. 175D, § 1, et seq. MIIF is not an insurance company. It does not issue policies or collect premiums. MIIF exists to pay covered claims when an insurer becomes insolvent. All insurance companies licensed to sell property and casualty insurance in Massachusetts are required to be members of the Fund and contribute to the fund used for payment of covered claims.